When Rocket Companies and Zillow find themselves in the crosshairs of federal litigation over alleged referral kickbacks, the industry takes notice. As the headlines fixate on the big players, a quieter anxiety is building among independent mortgage bankers (IMBs) and smaller lenders who lack the firepower to go toe-to-toe in a prolonged legal battle. The…
The United States added 115,000 jobs in April, according to the Bureau of Labor Statistics, significantly beating analysts’ expectations as employers continue to shrug off high energy costs and geopolitical uncertainty—something buyers and sellers have been less willing to do. With an unemployment rate now at 4.3% and an average 48,000 payrolls added per month…
A federal judge in Virginia has denied a motion to dismiss the Federal Trade Commission’s (FTC) major antitrust lawsuit against Zillow and Redfin, clearing the way for the case to advance. U.S. District Judge Anthony Trenga issued the ruling Wednesday night, rejecting arguments from the two companies that the FTC’s allegations didn’t meet the legal…
Above: NextHome Co-CEO James Dwiggins and eXp Realty CEO Leo Pareja Virtual-focused brokerage eXp announced it is buying NextHome, in a move that pairs yet another high-growth tech-focused company with a more traditional franchisor as the industry rapidly accelerates through an unprecedented period of consolidation. In an announcement today, eXp and NextHome executives characterized the…
HomeServices of America has announced Jason Waugh will succeed Vince Leisey as CEO of HSF Affiliates, the franchisor of the Berkshire Hathaway HomeServices real estate network. The multi-year transition plan is expected to commence in 2027, per a release from HSF Affiliates. Waugh previously led Prudential Northwest Real Estate prior to its acquisition by HomeServices…
United Wholesale Mortgage (UWM) delivered what CEO Mat Ishbia called an “exceptional quarter,” reporting loan origination volume of $44.9 billion for Q1 2026, up 39% year-over-year and marking the company’s second-highest first quarter in company history. The Michigan-based wholesale lender reported total revenue of $901.4 million, net income of $170.4 million and adjusted EBITDA of…
The reality of being a real estate agent can be brutal. Your phone buzzes at 9:00 p.m. with a client question. You get a text early on a Sunday morning about a showing. Your family dinner gets interrupted by an appraisal that needs attention. Sound familiar? Real estate agents sacrifice a lot for their careers,…
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Compass remains in headlines this week as CEO Robert Reffkin addressed the industry’s “shifting stance on phased marketing” in the company’s recent Q1 2026 earnings call, as the brokerage touts new synergies and business growth from its recent acquisitions. Speaking to investors, Reffkin said that he and other Compass executives are “pleased to see several…
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 682,000, according to estimates released jointly May 5 by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). That was 7.4% above the February rate of 635,000, and 3.3% above the March 2025 rate of 660,000.…
Chicago-based MLS Midwest Real Estate Data (MRED) maintains a private listing network, which it has consistently defended even against pressure from other industry power players such as Zillow. Now, MRED’s private listing network is expanding outside Illinois, following an announcement on April 24 that the MLS is partnering with Compass to take its whole platform…
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